Integra Gold (TSX:V.ICG, Stock Forum), a Vancouver-based exploration stage firm engaged in the acquisition and exploration of mineral properties, released results from its winter 2014 Triangle zone definition and extension drill campaign at the Lamaque Gold Project located in Val-d'Or, Quebec.
According to the news release, the company has now completed drilling 22,117m in 58 holes in the Triangle zone located in the southern part of the Lamaque project which contains the company's highest grade of indicated resources.
Highlights from the first 23 of 58 holes included, 36.13 g/t Au over 1.0m at TM-14-18, 15.70 g/t Au over 2.0m at TM-14-19, 17.68 g/t Au over 3.0m at TM-14-27 and 58.71 g/t Au over 1.0m at TM-14-34.
Company president and CEO, Stephen de Jong, commented, “These latest results continue to confirm the continuity of the deeper high-grade zones at the Triangle deposit which in the previous resource estimate were primarily reported as inferred resources.”
He went on to explain, “These results demonstrate both the potential to grow the resource at Lamaque as well as the Company's ability to convert inferred resources to the indicated category. The current program at Triangle has also tested the east, west and south limits of the Triangle deposit, all of which remain open and continue to show potential for resource expansion, with the majority of assay results still pending.”
Then he finally concluded, “Drilling at the Triangle Zone has also validated the geological model the Company used to determine the resources and develop the mine plan in the Company's PEA.”
Integra was in the news recently when the company received $441,284 from Quebec Resource Tax Rebate less than a week ago.
Currently there are 135.0m outstanding shares with a market cap of $32.4 million.
FULL DISCLOSURE: Integra Gold is a Stockhouse Publishing client.